BTCUSD recovery possible
Bitcoin is still trading around the $10,000 level as the cryptocurrency suffers from a lack of volatility and trading volumes. Bulls can still lift the BTCUSD pair back towards the $11,000 level if they continue to anchor the number crypto around the $10,000 level. A downside break under the $9,450 support level should be considered extremely bearish for the cryptocurrency.
The BTCUSD pair is only bullish while trading above the $10,000 level, key resistance is located at the $11,000 and $11,500 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,450 and $9,100 support levels.